Conservative LeverageStable debt-to-equity of 0.22 and a strong equity ratio indicate a conservative capital structure and balance sheet resilience. This lowers refinancing and solvency risk, preserves financial flexibility for fleet maintenance or selective investments, and supports durability across commodity cycles.
Positive Operating Cash FlowConsistent positive operating cash flow and a 1.52 coverage ratio show core drilling operations generate cash to cover net income. Over the medium term this underpins working capital needs and contract delivery, helping the company sustain operations and service customers despite capex demands.
Contractual Day-rate ModelA day-rate contract model and long-term partnerships provide predictable, recurring revenue and utilization clarity. Combined with advanced drilling technologies and operational focus, this supports competitive differentiation, steadier cash flows and higher likelihood of sustaining utilization across 2–6 months.